A few posters have mentioned keeping their heads down, staying off the radar.
Here are a few points to bear in mind.
For some people, the penalties may be a risk worth taking.
Good luck!
Here are a few points to bear in mind.
- Even if you don't provide loan charge info to HMRC by the 30 Sept 2019 deadline, the scheme promoter (trustees), if they are still around, probably will do.
- If you have open enquiries, or assessments, then HMRC will very likely catch up with you eventually.
- If you don't comply by 30 Sept 2019, and HMRC find you, you'll get a £300 penalty. You'll then be charged a further £60 penalty per day until you do provide them with the loan charge info.
For some people, the penalties may be a risk worth taking.
Good luck!
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